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Valero Plans Work for St. Charles Refinery in 2011

Bloomberg -- Valero Energy Corp., the largest U.S. independent refiner, will spend $200 million to improve reliability at a gasoline-producing unit at its St. Charles refinery in Norco, Louisiana.

The project will reduce the frequency of required maintenance on the unit, giving the company access to a larger amount of processing capacity over the course of two years, Chief Executive Officer Bill Klesse said.

The unit, a fluid catalytic cracker, has the ability to process 100,000 barrels of crude oil a day, Klesse said after attending the National Petrochemical and Refiners’ Association annual meeting in Phoenix.

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Submitted Mar 22, 2010 By: ziyulu

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badbonita Champion Author Syracuse Posts:3,851 Points:889,655 Joined:Jul 2008	Message Posted: Mar 22, 2010 1:18:18 PM Ignore badbonita Report Abuse Increased reliability. What a concept!
cpl11787 All-Star Author Minnesota Posts:630 Points:123,275 Joined:Jan 2010	Message Posted: Mar 22, 2010 12:56:39 PM Ignore cpl11787 Report Abuse hmm, maybe a good thing.
janctx Champion Author Lubbock Posts:2,715 Points:882,880 Joined:Nov 2007	Message Posted: Mar 22, 2010 12:32:09 PM Ignore janctx Report Abuse thats a start
Robert44 Champion Author Columbus Posts:2,884 Points:946,105 Joined:Mar 2004	Message Posted: Mar 22, 2010 11:05:41 AM Ignore Robert44 Report Abuse Its about time for this to happen!!
sivart Champion Author Arkansas Posts:15,158 Points:2,615,780 Joined:May 2004	Message Posted: Mar 22, 2010 10:59:12 AM Ignore sivart Report Abuse It's about time to overhaul a refinery...When will we build a new one?
Lengas Champion Author Gary Posts:11,095 Points:2,254,550 Joined:Nov 2004	Message Posted: Mar 22, 2010 10:52:46 AM Ignore Lengas Report Abuse Get it done now
Dale Jr. Champion Author Illinois Posts:13,889 Points:2,774,050 Joined:May 2004	Message Posted: Mar 22, 2010 10:50:55 AM Ignore Dale Jr. Report Abuse So true napermike79. Let's hope they can.
DirtDauber Champion Author San Antonio Posts:4,430 Points:1,165,275 Joined:Nov 2005	Message Posted: Mar 22, 2010 10:49:57 AM Ignore DirtDauber Report Abuse Good idea.
cnet1 Champion Author Arizona Posts:1,955 Points:515,150 Joined:Nov 2008	Message Posted: Mar 22, 2010 10:49:28 AM Ignore cnet1 Report Abuse bad hurricane seasone means higher prices because refineries will most likely get damaged. but wait, theyre not using these refineries now anyways, just an excuse to raise prices
napermike79 Champion Author Twin Cities Posts:3,048 Points:1,371,665 Joined:May 2001	Message Posted: Mar 22, 2010 10:47:24 AM Ignore napermike79 Report Abuse Hopefully they hurricane-proof the place too.
NashGas Champion Author Nashville Posts:2,146 Points:446,570 Joined:Dec 2009	Message Posted: Mar 22, 2010 10:47:11 AM Ignore NashGas Report Abuse Sounds good.
Marty_P Veteran Author Baton Rouge Posts:444 Points:1,047,070 Joined:Aug 2008	Message Posted: Mar 22, 2010 10:46:39 AM Ignore Marty_P Report Abuse Great for Louisiana and the U.S.!!!
PhilMils Champion Author Virginia Posts:4,872 Points:951,710 Joined:Dec 2008	Message Posted: Mar 22, 2010 10:46:37 AM Ignore PhilMils Report Abuse This is good.
HawaiianGuy Champion Author Idaho Posts:7,187 Points:2,620,160 Joined:May 2003	Message Posted: Mar 22, 2010 10:44:45 AM Ignore HawaiianGuy Report Abuse This'll last until the next time they decide that they're not making enough profits off of their refining operations.
POPSAZ All-Star Author Arizona Posts:683 Points:424,300 Joined:Feb 2009	Message Posted: Mar 22, 2010 10:40:51 AM Ignore POPSAZ Report Abuse More production is always good.
ricker8 Champion Author Ontario Posts:3,128 Points:675,325 Joined:Oct 2008	Message Posted: Mar 22, 2010 10:40:34 AM Ignore ricker8 Report Abuse any work is good.
Italianman Champion Author Twin Cities Posts:1,739 Points:778,665 Joined:Feb 2008	Message Posted: Mar 22, 2010 10:40:31 AM Ignore Italianman Report Abuse Good for Valero.
VetteFan Champion Author Indiana Posts:7,419 Points:1,570,580 Joined:Aug 2005	Message Posted: Mar 22, 2010 10:39:44 AM Ignore VetteFan Report Abuse Work on the refinery is good news.
spunky4443 Champion Author Washington Posts:4,756 Points:1,215,915 Joined:May 2005	Message Posted: Mar 22, 2010 10:37:32 AM Ignore spunky4443 Report Abuse With all the Money that they have bled out of us, they should have no problem doing this.
TRAIN RIDER Champion Author San Bernardino Posts:6,783 Points:2,301,910 Joined:Oct 2004	Message Posted: Mar 22, 2010 10:35:59 AM Ignore TRAIN RIDER Report Abuse WHY ARE THEY DOING THIS? WHEN THEY GO DOWN THE PRICES GO UP, I KNOW THE OIL COMPANIES WANT THE PRICES UP.
Maintroll Champion Author Lexington Posts:6,296 Points:1,239,610 Joined:Aug 2008	Message Posted: Mar 22, 2010 10:34:44 AM Ignore Maintroll Report Abuse This is nice, but is the consumer going to pay for it?
Don20 Champion Author Oklahoma City Posts:7,307 Points:2,156,095 Joined:Mar 2005	Message Posted: Mar 22, 2010 10:29:55 AM Ignore Don20 Report Abuse "There is a big surplus in the oil market, and the fundamentals aren't that much better than they were a few months ago," said Ben Westmore, commodities economist at National Australia Bank in Melbourne. "It's not really clear that oil prices (above $80) are really justified." ... This news should be considered normal operating procedures, if you are in the business to make money. Unscheduled down time are expensive to any refinery..
CatMan623 Champion Author Houston Posts:12,484 Points:1,885,655 Joined:Aug 2006	Message Posted: Mar 22, 2010 10:28:06 AM Ignore CatMan623 Report Abuse Well, Congress is on a roll. Why don't they go ahead and take over oil exploration, production, refining, distribution and retailing....? Now THAT'S one scary thought.......
Wolfwings Champion Author Delaware Posts:6,418 Points:1,316,115 Joined:May 2004	Message Posted: Mar 22, 2010 10:26:28 AM Ignore Wolfwings Report Abuse INteresting concept, but I'm not sure what it all means.
copperhead8 Champion Author Boston Posts:14,864 Points:2,359,000 Joined:Dec 2004	Message Posted: Mar 22, 2010 10:25:50 AM Ignore copperhead8 Report Abuse I totally agree with goalie1950.
kyrunner Champion Author Lexington Posts:6,610 Points:1,236,090 Joined:Aug 2008	Message Posted: Mar 22, 2010 10:25:26 AM Ignore kyrunner Report Abuse Glad to see they are looking ahead.
mmene Champion Author Houston Posts:4,347 Points:938,970 Joined:May 2008	Message Posted: Mar 22, 2010 10:19:37 AM Ignore mmene Report Abuse mackconsult - that seems obvious doesn't it? Don't all companies make changes to increase ROI? You don't think that GE makes lightbulbs or Microsoft makes software for the general upliftment of the public do you? It turns out the best way for Valero (or any refiner) to make ROI is to make the maximum product at the lowest cost. That will increase their profits while also increasing our supply and keeping prices down. Win-win. Any refiner that is making increased investments in capacity and reliability is good news for the public. It is the refiners not making investments or shutting down capacity that you need to worry about. They are the ones looking to increase margins by selling less product and that is the real long term danger. Not the ones increasing investment.
twiper1 Champion Author San Diego Posts:5,492 Points:1,142,460 Joined:Oct 2008	Message Posted: Mar 22, 2010 10:18:45 AM Ignore twiper1 Report Abuse Valero looking out for the little guy. SURE, thats what they want you to believe
goodbuy Champion Author Michigan Posts:5,519 Points:995,485 Joined:May 2005	Message Posted: Mar 22, 2010 10:18:28 AM Ignore goodbuy Report Abuse Good for Valero.
gasforus Champion Author Michigan Posts:6,794 Points:1,730,540 Joined:Dec 2005	Message Posted: Mar 22, 2010 10:15:09 AM Ignore gasforus Report Abuse Anything to make more money.
mackconsult Champion Author Portland Posts:3,708 Points:706,135 Joined:Jan 2009	Message Posted: Mar 22, 2010 10:14:36 AM Ignore mackconsult Report Abuse You they figure they will make more $$$$$ based on the repair .... they are doing it for ROI not american supply capability.
turbodog Champion Author Mississippi Posts:4,407 Points:899,440 Joined:Feb 2009	Message Posted: Mar 22, 2010 10:12:46 AM Ignore turbodog Report Abuse Glad to see investment in refining.
BlueVanGroup Champion Author Colorado Posts:4,802 Points:1,073,325 Joined:May 2008	Message Posted: Mar 22, 2010 10:11:57 AM Ignore BlueVanGroup Report Abuse This is the time to do it--during the switch from winter blends to summer blends.
Lizzylou Champion Author Stockton Posts:7,045 Points:2,004,050 Joined:Oct 2005	Message Posted: Mar 22, 2010 10:10:45 AM Ignore Lizzylou Report Abuse AGREE!! Another reason to raise prices!
egd Champion Author Twin Cities Posts:6,069 Points:1,725,740 Joined:Mar 2005	Message Posted: Mar 22, 2010 10:10:20 AM Ignore egd Report Abuse national growth of oil infrastructure is good
goalie1950 Champion Author Phoenix Posts:4,064 Points:833,270 Joined:Oct 2009	Message Posted: Mar 22, 2010 10:07:12 AM Ignore goalie1950 Report Abuse A worthwhile project to improve reliability and productivity of this facility. Hopefully, long term oil prices will benefit from these improvements.
Helms Champion Author Fort Worth Posts:4,734 Points:1,496,980 Joined:Jun 2005	Message Posted: Mar 22, 2010 10:06:52 AM Ignore Helms Report Abuse surprised they didn;t use the economy as an excuse not to make the investment...when times are bad refiners typically can't justify the expense and when times are good they can't shut down for th eimprovements because they're running near or at capacity...what a gig!!
sleepyt Champion Author Chicago Posts:2,294 Points:704,745 Joined:Mar 2008	Message Posted: Mar 22, 2010 10:06:44 AM Ignore sleepyt Report Abuse Long overdue
DustyHorse Champion Author Virginia Posts:4,031 Points:981,390 Joined:Oct 2008	Message Posted: Mar 22, 2010 10:06:40 AM Ignore DustyHorse Report Abuse Great news.
MikLamb Champion Author Texas Posts:5,658 Points:1,715,045 Joined:Jun 2006	Message Posted: Mar 22, 2010 10:06:25 AM Ignore MikLamb Report Abuse Good.
tobasco Champion Author Los Angeles Posts:6,763 Points:1,759,245 Joined:Mar 2004	Message Posted: Mar 22, 2010 10:04:54 AM Ignore tobasco Report Abuse About time.
VTROCK Champion Author Detroit Posts:2,582 Points:646,305 Joined:Sep 2008	Message Posted: Mar 22, 2010 10:02:43 AM Ignore VTROCK Report Abuse It's nice to see someone investing in refinery capacity. It has been a tough place to make money.
reff5577 Veteran Author Illinois Posts:293 Points:778,955 Joined:May 2007	Message Posted: Mar 22, 2010 10:02:14 AM Ignore reff5577 Report Abuse IF THATS NOT ANOTHER REASON TOO JACK UP GAS PRICES THEN WHAT IS???
PaylessKY Champion Author Kentucky Posts:6,130 Points:1,126,400 Joined:Oct 2008	Message Posted: Mar 22, 2010 10:00:33 AM Ignore PaylessKY Report Abuse Improve reliability, reduce frequency of maintenance? Well see.
TFowler513 Champion Author Memphis Posts:2,582 Points:980,735 Joined:Mar 2008	Message Posted: Mar 22, 2010 10:00:25 AM Ignore TFowler513 Report Abuse Yet another reason to raise pump prices!!!
Beboper Champion Author Virginia Posts:6,377 Points:1,699,815 Joined:Oct 2005	Message Posted: Mar 22, 2010 9:59:09 AM Ignore Beboper Report Abuse there goes the prices again up up and away
rasprout Champion Author Tacoma Posts:2,610 Points:836,580 Joined:Jun 2009	Message Posted: Mar 22, 2010 9:56:53 AM Ignore rasprout Report Abuse Sounds like reasons to raise prices...
jayrad1957 Champion Author Los Angeles Posts:14,609 Points:1,132,315 Joined:Nov 2008	Message Posted: Mar 22, 2010 9:56:22 AM Ignore jayrad1957 Report Abuse Another excuse for the speculators to raise prices again.
Doubleeez Champion Author Connecticut Posts:5,080 Points:908,695 Joined:Sep 2005	Message Posted: Mar 22, 2010 9:56:02 AM Ignore Doubleeez Report Abuse Sounds like just normal business maintenance and production. They have to do something to justify their R & D department.
206awd250 Champion Author Seattle Posts:1,260 Points:521,155 Joined:Nov 2008	Message Posted: Mar 22, 2010 9:54:51 AM Ignore 206awd250 Report Abuse good for them. 1 refinery wont make a difference though.